Alignment with globally recognized carbon credit schemes adds credibility to GHG emission reduction and neutrality claims.
Thanks to our status as a Verification/Validation Body (VVB), ERM CVS can verify emission reductions claimed by offset projects in alignment with the Verra VCS (Verified Carbon Standard) and Gold Standard for Global Goals (GS4GG).
Validation and verification of Gold Standard projects and credits
The Gold Standard was founded in 2003 and aims to provide premium carbon credits aligned with the UN’s Sustainable Development Goals. Since launch, the Gold Standard registry has grown to include 2,300 projects associated with the reduction/avoidance of 190 million Tonnes of CO2e (CO2 equivalent).
For projects wishing to receive Gold Standard certification, our work as a VVB fits into Gold GS4GG’s five-step process. Following our appointment by a project developer, we conduct our validation or verification work. This includes:
- Audit planning
- Visit to project site
- Assessment of whether the client conforms to GS4GG’s Principles & Requirements
- Issuance of a Validation or Verification Report
If a positive opinion is given in our report, a further review is conducted by SustainCERT, NGO Supporters and GS4GG’s Technical Advisory Committee (TAC). Combined with our report, the outcome of these reviews determines if GS4GG certification is granted.
Validation and Verification of VERRA VCS projects and credits
Verra founded the VCS program to support the sale of Verified Carbon Units (VCUs) globally in a voluntary carbon market. As of 2021, VERRA had certified over 1,700 projects associated with the reduction of 800 million Tonnes of CO2e. ERM CVS is an accredited VVB for Verra VCS offsets (VVB ID22).
As with our work for Gold Standard offset projects, any ERM CVS engagements conducted as a Verra VCS VVB results in a Validation and Verification Report. If this contains a positive opinion, it is submitted, along with a Project Design or Monitoring Report (generated at the start of the project), to Verra VCS as supporting evidence, leading to the issuance of VCUs to the project developer.
The ERM CVS team has experience verifying a diverse range of offset projects and programs of activities (PoAs). As a result, we are qualified to provide trusted reviews and appropriate guidance to project developers participating in the GS4GG and Verra VCS offset programs.